Wisdom Lotus Foundation Inc

Analysis

Wisdom Lotus Foundation Inc is a registered charity in United States, based in Lincoln, MA. It received its IRS tax-exemption ruling in February 2018, 8 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Wisdom Lotus Foundation Inc reported income of $160k and spending of $136k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $138k to $160k (+16%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 106% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Wisdom Lotus Foundation Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 53rd percentile within MA. Charities of a similar size with the same main cause include Big Hope Bearden Ministries Inc ($160k), Murray Wilton Ministries ($160k) and Bridges and Tunnels ($160k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $91k against liabilities of $0, net assets of $91k.